maria: big rally on wall street, it is time for "varney and company". over to you. stuart: the terrorists wanted 100 million euros, we wouldn't pay. an american be headed as we tried a rescue, it failed. another american remains under the terror threat. now what? good morning. i will tell you what now. eric holder launches a criminal investigation into the be heading. that means the administration is treating this as a police action, a legal action, not a terrorist act requiring a military response. if we find the execution we have to arrest him, we don't throw him. should president obama pay

ransom? the europeans paid and their people were released but the finance terror and encourage more of it. next question, how do we kill these modern-day not these? they call the yo -- isil or isis. the cancer must be extracted. the west and its values are challenged by the worst of the worst, with thousands of these people carrying european and american passports. the clear danger is they come here. president obama is taking heat for playing golf while james foley's parents mourn the. he is taking heat because he didn't spell out a plan to kill the enemy and taking heat for announcing that failed rescue mission. "varney and company" is about to begin. stuart: u.s. special forces launch an operation into syria. the objective, rescue the hostages including the murder

journalist james foley. the mission failed. hostages had been moved before the operation was launched. this morning we are just learning that eric holder has long store is launching a criminal investigation into the be heading. former army chief of staff general jack keene is with us. i am just getting this news about eric holder launching the criminal investigation and my initial interpretation of that news is it is now being treated as a police action, legalistic action, not requiring a droning of the execution, but the rest of that guy if we find him. what say you? >> it makes no sense. prior to 9/11 all our presidents, democratic and republican, treated terrorist acts as criminal activity, heinous acts to be sure and tried to bring people to justice. post 9/11 the policy change to confrontation and to kill and capture was the designation given to the central

intelligence agency and the united states military. the president reversed that and began with benghazi after our ambassador and three others were killed. that became a criminal act as opposed to a terrorist act. those people should be dead or captured by now and we have a only one in our prison cells and that is only because of the necessary rules of evidence to deal with that. here we go again with this incident here, terrorist act, the fact of the matter isis is waging a war against u.s. vital interests in that region and we have every right and full authority to kill and capture them. they are the same al qaeda that we thought for years in iraq and we did not bring them to trial. we killed and captured them and that is what we should be about here. stuart: i want you to listen to what former vice president dick cheney said on sean hannity last night. he said basically a big attack against america is coming. >> what egypt has done by

overthrowing the muslim brotherhood is a master stroke and win now have a good man as president of egypt, capable military, good military and we ought to be backing the egyptians to the hills. there are a lot of things we could be doing including working with the israelis to take on the terrorists, the islamists, the jihadists in that part of the world. stuart: the wrong sound bite. the bottom line from dick cheney last night is they are coming to get us so we should go and get them. it seems to me that the policy of this administration is not to go and get them and kill isis but to contain at. >> absolutely. that is clearly what is being executed and it is fundamentally flawed. the fact of the matter is the president is conducting incremental tactical increases in air strikes and out of the guidance he initially gave the military has to come to him to get permission to do that

particular air strikes. we haven't seen that kind of meddling with the military since lyndon baines johnson at the beginning of the vietnam war. secondly the fact of the matter is we are dribbling in advisers and trainers into iraq every couple of three weeks. we desperately needs a comprehensive strategy that recognizess we are at war with isis. explain to them what we intend to do about that and we need at comprehensive strategy to deal with that. we have the capacity to take on isis, not just to contain it but with the support of ground forces, and constituting iraqi army and reconcile sunni tribes to push isis out of iraq. that will take some time but we need a campaign and we have to develop that comprehensive

campaign. they have the targets and know where the enemy is and certainly has the wherewithal to do it particularly in conjunction with other allies in the region. stuart: 100 million euros for the release of james foley, we didn't pay. europeans did a ransom and got their people back. what do you say to the idea of paying terrorists to ransom our hostages? >> that makes no sense. as a matter of policy if you start paying ransom to terrorists you are encouraging more hostages. it is that simple, it is logical and we won't step up to that. no president of the united states ever has, not this one either. i certainly applaud the effort, the president's decision to rescue -- stuart: should the president had announced that rescue mission? >> the successful ones and this one obviously failed is better.

for our operations to be successful, we need good intelligence. in this case we didn't have it. we need the element of a surprise because most of the time we plot our guys in the middle of the enemy and we are dependent on their extraordinary skills, and their daring and courage. we should not talk about this. their techniques, after we kill bin laden it was frustrating to many in special operations to hear the leaks that came out of the white house and details of how that operation would blend to a making of a movie. very frustrating for them and actually puts them at risk in terms of future operations and gives the enemy a sense of how we would do it and we have eight hostages out there in different countries. you can be assured that all those holding them captive are on the alert, changing locations, making sure preparations are right for u.s.

military activity. stuart: yes, sir, thanks for joining us, appreciate it. let's get to the markets because we have a rally. we have broken back 17,000 on the dow jones industrial average. 80 points and the s&p is to the upside getting close to 2,000 for the s&p 500. nearly 2,000. is not dead. money is coming into hewlett-packard for example. they did a lot better than the all knowing analysts were expecting, hewlett-packard hd is up 5% this morning. look at netflix touching a new high, a high of 476 earlier and backed off 469 and change. strong demand for pork and turkey, and scooby peanut butter. i don't know about sales of spam but stock is up 4.5%. the opinion of some is that the

fed, the federal reserve, janet yellen may raise rates in rather them later. that would keep inflation in check so gold is down. gold inflation hedge, gold is down $16, $12.78. we always check the industry barometer of the tenure treasury, 2.41%. hardly any change but historically low. we keep a close eye on pretend border, some more retailers, how about c years. what is going on with that? >> down 17%, 3304. and that is the scene, the ninth straight quarterly loss. that is not good news. they are in the midst of a turnaround plan, looking to sell off the auto services center. they have been working on the cost and lambert controls the

hedge funds. and selling property and closing stores after a decade of falling sales. it is a tough go of interest years in a very cyclical consumer. stuart: checking ford motor co. the news here is one of its workers filed suit against the uaw and ford. he wants a partial refund of his union dues. doesn't like paying in to political campaign through the union. michigan is a right to work state so that ford worker eventually wants to leave the union completely. wall street journal editorial board mary kissel is here. i see that as an impending disaster for unions. >> let's talk about this worker at ford. under supreme court decision in the late 80s any worker in this country can say i am not a member of the union, i don't want to pay for an encore union

dues. i don't want to pay for your political experts aids -- escapades. that is what this is about. once ford's contract is up in 2015 if you are not a member of the union, the union can force you to pay for anything, whether it core dues or non-core dues. stuart: this is michigan. >> we have 24 states that are right to work states giving workers all these freedoms and you are seeing big benefits not just in terms of productivity but investment. stuart: the unions take a hit, if you can opt out of paying those jews it happened in wisconsin but they opted out. the democrats too. >> if the unions were smart, and join the union. what are we doing wrong? why don't we see benefiting

joining the union? stuart: reverse the entire history of the union movement. >> that it lesson if i read the uaw rain now. stuart: you would not. after the break, the situation in ferguson, missouri, calm overnight, 6 arrests, a grand jury deciding whether to decide if the officer who fired those shots, an update, fox news source revealing the officer had serious facial injuries after a beating from michael brown, the officer accused of the shooting. al sharpton stoking a race fire again promising a march this weekend in new york city. juan williams on that next. look at bill reilly last night. >> al sharpton has the nerve to insult the american police community. men and women risking their lives to protect us. this charlatan has the gall to do that and nbc news is paying

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it can bring out the worst in people. but the m-class scans for danger, corrects for lane drifting, and if necessary, it will even brake all by itself. it is a luxury suv engineered to get you there and back safely. for tomorrow is another fight. the 2015 m-class. see your authorized dealer for exceptional offers through mercedes-benz financial services. stuart: the latest data ferguson, missouri, 6 arrests wednesday night compared to 47

the night before. sources are confirming to fox news the officer involved, darren wilson, was attacked and suffered significant bone damage to his face before he shot michael brown. al sharpton set up a margin rally in new york this weekend against police brutality. on behalf of a black man who died on staten island and michael brown, 15,000 people expected to attend. let's bring in juan williams who had this to say about the ferguson situation in the wall street journal yesterday. let's hit pause on the political spin and bitter exchange of racial fears. if we are to stop angry clashes between police and for black men is time to admit thuggish behavior creates legitimate fear in every community. juan williams joins us now. i think you said what a lot of people want to say and a lot of people were thinking that they are afraid to say it because they would be accused of being

racist if they label lot of young black men thuggish behavior. >> i don't know how you can avoid the facts. something i lament as of black man but if you look at the statistics, if you look at young black men 15 to 37 number one cause of death murder, looked at statistics regarding violent crime in the united states including murder, robbery, assault, rape, disproportionate representation of young black males. adjust in my own community just last week 4-year-old girl shot in a house, kills this little girl inside. these things depress property values, hurt retail sales, everything in the black community and yet people don't want to admit it out of some racial fear or shame and then you hear whites talk about it and you say don't go too

aggressively, don't want to get into racial profiling or being called abusive or racist. the reality is nobody wants to be in danger or put themselves in a situation where they could be armed. stuart: do you think the incident in ferguson and the aftermath, do you think this is a turning point? there's a realization we should be able to speak freely about b? speak freely and openly about it? i don't think we have done this before. you end jason riley in the wall street journal and a few others, you are first, you have broken some ground, you created a turning point. >> i wrote a book about this, a book called enough that was based on bill cause be giving a speech in which i use his quote talking about some kid going into a corner store and stealing pound cake has caused the describe it, another kid went into a store and stole cigar's,

and confronted by the police and people say why the police treat him so roughly? what was he doing stealing? that book was published in 2006. i am saying this is something people who care about trying to resolve racial issues, not stoke fears or create confrontation or make money off of -- stuart: when you are describing al sharpton. he is going to bring this to new york city this weekend. i find the men inflammatory and went to know what you think. >> you and i argue so much fun on this one we are on the same page. there is no way to get around it. think back to his history. i know people know about to water raleigh but he was involved in protests against the store owner in harlem, people died there. don't forget this is of guy who was making ads for low-income loans trying to rip off for black people and yet somehow he

is legitimate in american life. there is value to having someone for black people can go to and get tv, political attention in moments of crisis but al sharpton, i don't know. stuart: a personal e issue if you don't mind, you may know about this but i have a stake in this. i have a 3-year-old grandson, he is black, adopted. i don't want, when he is a teenager or older, i don't want him walking down the street and having people cross the road because they are scared of him. my question to you is is ten years before he is a teenager. we got a shot at turning this around in ten years? >> i don't know but i will say this. it is more than you. i am your friend. it is for me walking down the street and i think it is much better for my sons and it is for me and much better for me that was for my dad and we all worry

about your grandson because we don't want people making the wrong judgments, another young black guy you can do anything you want because he is likely criminal. that is not the way to treat your grandson or treat me and my son. i think america has made tremendous progress and people who would turn away from that because they are so intent on talking about the problems that continue i think they are fools. america has made tremendous progress on this and you could start at any point with you want to talk economic opportunity, wall street, political, educational and we have to try to be honest. i am so charged by the pupils, difference in perception between black and white but the middle dominates, in terms of ferguson the middle wants to know the facts and is open to the idea that both sides have a story to tell. stuart: always a pleasure having you on the show. don't be such a stranger.

see you soon, one williams. get to the markets, we got some action. 76 points, the dow above 17,000 all over again. family dollar rejects dollar general's takeover bid. shares of dollar general down. look at sears, the spinoff, land's end, sears is down, land at end is done too. angela mozillo headed up the company that largely in many ways was responsible for a big chunk of the housing crash. the feds getting personal preparing a civil lawsuit against that man. charlie gasparino on that next. [ male announcer ] once, there was a man

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we'll give you $150. comcast business. built for business. stuart: look at the share price of be of a. it is of. it has agreed to a $16.5 billion settlement resolved a mortgage investigation by the justice department. however there is a new and more interesting developments with countrywide, the co-founder thereof, angelo mozillo is

reportedly facing a civil suit. charlie gasparino is here. hold on a second. it is a shake down. the suit against him is legitimate and you say? >> bank of america is a shake down. the suit against him is not legitimate and the reason you know it is not legit is if it were legit the justice department wouldn't have copped out and file a civil case against him where there is no jail time. he face civil charges by the securities and exchange commission and they would have filed a criminal case and the reason they did that is i don't like him. i don't know him personally but i don't like what he did. this was a business model at countrywide that feasted off of big government and fannie and freddie. stuart: they were liars loans. he made those loans. >> he did not live.

if you lie -- stuart: the home buyer lied. charles: if he lied they would have filed a criminal charge against him and that is where this is getting, that is where this strikes to me a 2014 election ploy by the obama administration looking to gin up anti banker hatred. he ran a lousy company. we all know that. this was 7 years ago where all went down. think about this. i would ask eric holder this. this is where your taxpayer money is going. you wait seven years to file a crummy civil charge? it is one of the biggest jokes i have ever seen. if he did what they say he did or think he did or implying he did, this would be a criminal charge. he did not live. he had a cracked the business model, he sold mortgages to people who shouldn't have gotten them. in the process of doing that like fannie and freddie and all these government agencies handling this money to people who didn't deserve it, people lost money, that does not make

a, quote, crime. he faces civil charge, paid $75 million for the securities and exchange commission. this is toast, this is publicity. don: just politics. >> right before the election. all of it is. this is even worse. he is an easy guy to beat up on. he is and opens for. stuart: i'm making fun of his son 10. charles: so did barney frank, where did he get his son can from? stuart: the only thing you have in common with barney frank. you got to update us on mitt romney running in 2015. charles: i will believe it when i see it. i know you believe it. neil cavuto is making me by dinner if he does run. i will believe it when i see it. the people who are close to him, fairly close -- and his son are telling me it is a very real

possibility. they would venture to say likely. i believe it. stuart: you said yesterday it was 50/50. charles: 53/50. stuart: do the math. charles: slightly better but i believe it when i see it. stuart: when you got a tie on today. we are still wearing a tie. you are on. the wall street journal says this. the man who ran president obama's 2008 campaign is finally seeing the light on a free-market because he has taken a new job at uber. later this hour remember the icelandic volcano that erupted in 2010 delaying flights in and out of europe for weeks? there's another volcano that could be about to blow and this one is bigger. we get the facts at 11:50. next our mining for gold on of boat in the bering sea, diving in the freezing water, sucking up sand, taking out the goals,

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total will go speed to david 12 switch sides. it is a company that has been battling unions and regulators. even the "wall street journal" up on this. we had a story yesterday. it is exactly what you will find when he goes to uber. i think that this is really sad. they have two higher a guy like

david off to pull strings. stuart: he is a natural for the job. he may have. on the other side. the other side has now given him up. >> you can see with the tea party on the right and the occupied on the left. they just kind of slide from one to another. stuart: if he has a piece of uber, that is a great start. a few months ago, karl icahn push for that move. maybe it will happen.

time is money. i have three headlines. going up for the past three years. there is a catch. another indicator, july existing home sales for the fourth straight month. there is another patch. customer information exposed to 51 franchisors. that is a very mediocre size hack. eric holder has been beating up bank of america. headlines every other day from the attorney general. co-author joins us now. let's not beat around the bush for this one.

in your book, do you believe that eric holder is racially biased? >> yes, i think he is. he sees everything in the prism of race. they are supposed to be having an independent investigation. yesterday, he was talking about the bias of police officers towards black man of himself. stuart: do you deal with his failure to investigate or prosecute? i think it was 2008. i do not think he investigated. >> there is evidence that the political appointees did miss

that case. they did not believe the voting rights for example should be voted against, for example. going up against and picking on whites and state fairs for example. stuart: was this about a year ago? was there some talk a year ago? >> there was some discussion of it. he really is obama's man. every time he embraced the law, changed the law, every time is eric holder. he is indispensable to the president. >> folks told us that he had

politicized his apartment in a way that at never happened before. stuart: how do we turn this around? >> it will be very difficult to turn it around. they have been putting political appointees across from various radical organizations into the career. those people will be there even if a new administration comes in. obama's enforcer. eric holder's justice department. [laughter] stuart: many thanks. we appreciate you being with us. we are calling it the staff chat for businesses. secret messaging.

the ceo and founder of the strokes is next. ♪ i had no idea i had shingles. there was like an eruption on my skin and burning. i'd lift my arm and the pain back here was excruciating. when i went to the doctor his first question was "did you have chickenpox?"

i thought it was something that, you know, old people got. nicole: i am nicole petallides with your fox business brief. the s&p 500 did cross into

record territory. record all-time highs. the nasdaq was between positive and negative territories. both hewlett-packard and korbel came out with numbers. hewlett-packard doing well. take a look at the chief design officer. he is leaving the company. ups saying that they are warning of a potential data breach. twenty-four states. fifty-one stores. the malware has been removed. that is the latest. ♪

you know what i love america? fine barbecue, good times and zero heart burn. and that's why i take prilosec otc each morning for my frequent heart burn because it gives me zero heart burn.

prilosec otc the number one dr. recomended frequent heart burn medicine for nine straight years. you can beat zero herat burn prilosec otc one pill each morning 24hrs, zero heart burn stuart: there is quite a few consumer stocks that have record highs. names that you know. staples is a name that you know and it is not at a record high. now, listen to this. and pop back and leave whatever images you share private. untraceable. i will explain all of this in a second. his name is nathan hecht. he is the founder and ceo of

dstrux. you have been watching me for a long time. i want to make sure i have this right. if i get your app, i send a message through your app, or a file through this app. the person who gets it and i'll forward it to someone else. they cannot predict. they cannot trace it. they cannot screen grab it. it cannot destruct itself in a certain timeframe. >> that is exactly correct. >> we do not think that it is necessarily secrecy, per se. stuart: control opposed to secrecy.

>> whatever happened with that is outside of your control. with destruct, you follow that stuff throughout the web. you see where it is. you see who is looking at it and what they are doing with it. >> you have new competition in that level of control. nobody else can do that. >> correct. >> you totally lost me. hold on a second. do i have to upload the message to your app and then send it? >> yes. we integrate with whatever e-mail platform you are using. the message or the file is transmitted on the platform. it is transmitted by e-mail. it is transmitted by facebook.

it is transmitted in the app itself. at the same time, you can still control it. the app when live two days ago. we are very happy with how things are going so far. classic new york startup. we will not share those numbers yet. stuart: will you share them with me two days from now? will you tell me how many downloads you. as a result of this program? >> i will tell you two days from now. we are in new york. we are in long island. stuart: where in long island? [laughter] >> why are you beating this guy up? stuart: why is he ashamed from being from long island?

>> we have been live on the web for a few months. the app was just released a few days ago. >> i think we are building something very, very big. stuart: you walk more than 100 million. >> yes. that is cheap with what we do. stuart: you do not have any real competition. the level of control. you really do not have competition. would you take $250 billion? one quarter of 1 billion.

>> probably not as well. stuart: i have never heard of this level of control. never hit reply all. [laughter] >> you could make it disappear on-the-fly. it will no longer have access to it. stuart: nathan hecht. cofounder of dstrux. thank you very much for joining us. watch out. there is another volcano that could be about to blow. this one is even bigger than the

one in 2010. what is the capital of iceland? >> i do not think that i can pronounce it. stuart: we will be right back. ♪ ♪ [ male announcer ] since we began, mercedes-benz has pioneered many breakthroughs. ♪ breakthroughs in design...

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stuart: strolled travelers. the seismic activity may be an early warning of pending eruption. the volcano erupted. huge clouds. we are joined by a journalist. you are the earthquake lady. why are you involved in a volcano? >> what we are seeing are earthquakes. stuart: will be get an eruption from the volcano whose name i really cannot pronounce?

>> it has produced a few thousand earthquakes in the last few days. we will get an eruption if it moves to the surface. right now the earthquakes have been staying relatively deep. we have not seen it coming really close at this point. stuart: would it be and eruption, if it happened? there is a risk of a real eruption. >> a lot less. about volcano came up to the earth's surface. when the e eruption happened, it exploded up into the air. if it comes up to the surface of the earth, it will hit several hundred meters of life. they are much more concerned about a graceful outburst flood

where the eruption hits the ice. the ice melts and then you get this massive flood. the evacuations have been the area that have been hit by that flood rather than cash. >> that is extraordinary. either way, flood or eruption, a huge condition of co2's. >> that varies. it gets a bit more suppressed if it is under the glacier. stuart: i can pronounce your name. thank you very much. come and see us. you can book and uber car on the largest site in the world.

the sharing economy and how everyone wants a piece of it. the second hour in two minutes. ♪

used to uber is astonishing. this company is a the center of this whole new sharing economy. making a very big deal after all what is a ridesharing app. it has gone from nowhere to $18 billion. how about its reach. a worldwide system put in place in a matter of months. expansion? sure. check job postings. do you posit.

this is the internet putting a whole new face on the economy. we have new developments to tell you about as our second hour continues. ♪ millions of people booking trips through trip advisor. you will now be able to poke a uber car. here is what we want to know. why did uber picu? >> this is a great development for our users. uber is a great way for them to get to the place they want to go. now, with this get a ride with uber button, they can get there

directly. stuart: it is that simple. did they pick you or did you pick them? >> we have been talking to her for a while now. we are thrilled to be one of those partners. it is a great partnership. it fits well with the presence. stuart: they now have access to your fast website. your millions of customers. i presume that they are paying you. would that be accurate? >> we do have a commission relationship in place. the final terms we cannot disclose. this makes travel or a night out with somebody special a lot

easier. we just wanted to make it a little bit easier. stuart: we are kind of astonished at the rise of uber. they come from nowhere. they are at 18 billion at the latest count. you are right there with them. are you the largest travel organization in the world? >> that is correct. we cover 4.2 million points of interest around the world. yes. we are the world's largest travel site. stuart: you are now facilitating another vast expansion of uber and the sharing economy. >> yes. stuart: what about air bmb. >> we have a vacation rental

product. we love to help travelers find the right accommodations for them. the answer is no. >> we do not have any current plans, no. thank you for joining us. we appreciate you being with us. check the big board. well above 17,000 again. of another four -- .4%. we have serious. war costs could changes are coming. dollar deal. family dollar. dollar general stock is down a fraction. the 10 year treasury. also fits lows in terms of

yield. 2.41%. checked the homebuilders, please. always on the lookout for any news from the housing industry. sales rose for the fourth straight month. cheryl casone covers real estate for us. >> i am not going to. this is 90% of the sales market is existing home sales. i do care about that. they were down compared to last year and month over month down again. prices have been going through the roof. especially for existing home sales. you make it may get a little bit more of a price push.

it would be good for buyers. the interest rate, that is the big one. >> we have the 10 year treasury. >> much higher than they were. we are talking about mortgages. that is where you have an issue. it is 90% of the market. you cannot say that it is not somewhat of a good number. i will not contradict myself from yesterday's show to today, stuart. >> just pressing the point. we do not have a robust housing market. can we agree on this? >> i can also say that is a mass

number. that is about it. that's all i've got. stuart: up about half a percent. 718,000. do not count the pc out just yet. nicole: a nice kudos on this round. you can see the stock is up 4.7%. a multi- year high. you know that hewlett-packard really has so many divisions. it was the pc that really helped hewlett-packard along. it is a really big deal. the good part is they do very well with pc sales. the top part is how to spend on painting and those enterprise

services to which i referred to earlier appealed it will really continue to help grow the company. stuart: all you have to say is microsoft is back at $45 a share. nicole: microsoft is back up $45 a share, stuart. stuart: thank you. let me get back to the situation as we will call it in ferguson, missouri. dan had edgar is here. it touches on black unemployment and how it correlates in ferguson. dan had edgar is with us right now. a great article. the way out for young black folks in america is economic growth and changes in education. that is your bottom line.

>> we have seen this sort of thing like ferguson before. some of which never really recovered. i was looking at some of the data on black unemployment. it hit its highest point in 1983. 19% for all flax. after that, the line goes straight down. those were the years of the reagan presidency. as we had strong growth, unemployment among blacks felt. then came the clinton presidency three and a half% a year. black unemployment fell below 10%. jobs are the center of many of the problems in areas like ferguson. you need an economy that is growing at a very strong rate.

it. 49% in 2009. it stayed around 40%. stuart: you say one of the long-term fixes is economic growth. >> committed to helping people that live in poor negatives. stuart: education. you say that you need to change the education that young black people are receiving in america. >> the civil rights act of 1954 was past 50 years ago. for young blacks who go to school in third grade onward, they immediately fall off the educational curve.

that is because they go through very poor public schools in inner cities. the public school system in ferguson is crumbling. what is the alternative? >> i suggest that alternatives are here now. give it to the parents and let them go to a school of their choice. those schools are succeeding. basically catholic schools. they are in very poor neighborhoods. they are putting 100% of their graduates into college, stuart. they are not cherry picking. it makes a point. the charter schools have proven, i think, they can succeed.

stuart: you have the mayor of new york city trying to stamp on them. it is just extraordinary. >> you have to have in education to hold those jobs. stuart: got it. always a pleasure. here is what we have for you the rest of this 12:00 p.m. noon hour. selecting the person who will be in charge of the state finances. personally, i do not know who would want that job. we have the leading republican candidate. we'll we will ask to up-and-coming entertainers if they think it is worth it. would they pay? more geewhiz tech for you. searching for movies and tv

shows on netflix. we have it all c here we go. i am sorry. i miscued again. right after the break, mining for gold under the water. the bering sea. i am told it is profitable. we have the lady that does it right after this. ♪ ♪ music

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♪ stuart: look at that. $469 a share or netflix. quiet. i will get to you in a second. they have linked the virtual headset, the virtual reality headset, they have linked it in with netflix. >> the stock is up like 75% in the last year. this is what they are doing. they come up with all of this

stuff that we may never be able to buy. they have a way to where the virtual reality headset when you are scrolling through, you know, movies and shows. you can kind of go like that with your head or maybe like this with your hand. you will be able to pick what you want to see. maybe since you have the headset on, you can see the movie in 3d. stuart: it is kind of cool. you cannot sell it to me unless you solve the seasickness problem. >> isn't that disturbing? stuart: thank you so much. a battle of the living room.

one third of playstation4 owners switched from xbox or do we. look at the stock prices, please. look at that. microsoft is up. i own some of it. how about that. our next guest makes her living dying in the bering sea. she is hunting for gold. bering sea gold. watch this. >> my journey has gone from being absolutely broke and living in a beach shack to owning my own dredge. now i want more. i want to be the best that has ever existed. there she is. what i wanted to see was you diving. you do dive, don't you?

you dive into the bering sea. >> yes. it is a worthy pursuit to find a lot of gold. stuart: are you doing it for the gold or for the ratings? >> well, though gold. that is what i am supposed to say, right? i do not think it is really worth the ratings. >> four ratings like yours -- [laughter] stuart: you literally dive into the bering sea. you take a vacuum pipe to the bottom. you suck up tons of sand. that is how it works? >> that is how it works. when you only have one entry point under the ice, getting

tangled can be very serious. we bring it up. stuart: give me a rough idea how much gold on a good day may you bring up. >> it is so hard. there is no formula for it. there is no information that we have ahead of time. you go down there and you find it or you don't. stuart: have you ever found a bonanza? >> yes. it is a mother load. stuart: how many ounces? >> probably an ounce an hour. stuart: does it make economic sense? i've got that.

>> finance in general is tremendous risk. it makes sense if you can make it work. yes. yes. if you can pull it off, it makes wonderful financial sense. you do not owe anybody anything. stuart: didn't you start out as an opera singer? why would somebody who is an opera singer go to nome, alaska. >> it seemed like a good idea. it seems like i could make a good amount of money in a short

amount of time. what was i supposed to do? work as a slave for several years until i could afford school? i am still looking for a lot of gold. [laughter] stuart: the fourth season begins tomorrow on the discovery channel. the name of the show is bering sea channel. [laughter] >> my name is emily, actually. close enough. it is a great show. just watch "varney & company." [laughter]

stuart: come and see us again, emily. any time you would like. do you think diving in the bering sea is serious enough? we have the person who thinks she can fix them after the break. >> i would like to focus on the office of comptroller. it has a lot to do with taxation. ♪

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liberty mutual insurance. stuart: had to happen, here it comes. regulation for the google driverless car. lauren: next month a driverless car needs to have a steering wheel and a pedal because a driver needs to be able to take immediate physical control of the car if something should happen. google's driverless cars not have pedals or steering wheels. stuart: you could see it coming, don't think anybody has any problem with that whatsoever. check the share price, the company says trials of a new drug to treat cellulite shows promise bi.

54% show significant results. up 4% on that stock. california's economy continues to show shall we say a lack of promise which mark the highest property rate even though they are raising taxes, tax revenue has actually fallen. let's bring in the republican candidate for california controller. very much welcome to the program, great to see you with us. i'm something of a skeptic because i have been skeptical of california's performance. if you are elected, can you make a difference, in what way can you turn california around? >> i firmly believe i can make a difference. people have said this is probably the second most influential position in state government when it comes to taxation and physical health and those are precisely the issues i focused on as mayor of fresno. as if they understand your

skepticism. stuart: only the legislature can lower taxes, isn't that right? >> was going on in california is often legislature will pass very bag tax legislation had off a word called a board of equalization. the state comptroller is the swing vote on that board. is there that those policies are interpreted and will be interpreted in favor of the taxpayer or against the taxpayer, that is one wasted controller have a direct impact on behalf of the taxpayer. stuart: how about regulation? >> many of them have to do with economic development and introduction issues in the sta state. i suitably we can meet together a coherent strategy to try to peel back regulation, support economic development, it is in everyone's best interest and i think i am the person for the job. stuart: we have said for years

california is a lost cause, always will be high tech, high regulation. are you telling me we now have a shot, a different shot of the beginnings of a turnaround? really? >> i believe we do have a shot. they understand the challenges, but i'm optimistic on on behalf of our state. his is an incredible place with such creativity happening in california. that can be harnessed and really put to work in terms of creating jobs and at the end of the day, give up? of course not. stuart: now you are a republican, this is a statewide election, and you're running neck and neck, you are almost dead, aren't you? >> we were very encouraged to see those, out. although i win in the primary,

just based on party registration, this would be a tough race for us. to be neck and neck is really encouraging. stuart: the legislature is overwhelmingly democrats. two-thirds majority in both houses, i think that is accurate and governor brown is leading by 16, 17 points at last count. outside of your election it is all democrat, all the time that you are the lone hope for the republicans on the statewide election. are you going to win? >> what we are finding are the state voters and democrats are all saying when it comes to fiscal issues, we want somebody careful with our money, independent oversight to the state treasury, that is something i am proposed to do. part of the existing political regime in california, that is probably not in the best interest in the state. that is the type of oversight i

would bring to the position. stuart: keep us informed on how that race is going. up next, john stossel on cops wearing cameras and motorization of the police. he is next are.

stuart: an update for you on the 16.5 the lien dollars bank of america settlement get the company will actually pay $4 billion less than that because part of the settlement is tax deductible and the stock is up 2% on the news. america's car mart, sales up 8% in the first quarter. the stock taking off. biggest gain in five and a half years, up 18%. america's car mart. cameras coming into the picture because of the situation and ferguson. we showed you one on this program. taser international makes one of the models, the stock has jumped at 15 versus 13, 12, right before ferguson. another report the police department had ordered cameras but the only recently arrived and they haven't been deployed. that is why we don't have a video and audio record of the

initial confrontation with michael brown. john stossel is here, how do you feel about cops wearing cameras? >> good, great. people taking pictures of police arresting people. often the only way the truth gets out. having a camera around, people behave better. stuart: i would have thought from a libertarian perspective would have objected to the intrusiveness of that. i have my eyes on you and i don't have privacy because of it. >> it is a privacy issue and a domestic disturbance in a home, your fight is being recorded. cops are the only people we give the legal power to use force on others, and something about putting the uniform on that can change people. we have hundreds of thousands of police officers, a few of them are bullies and the camera protects us against those peop

people. stuart: i believe it was one out in california they were wearing these cameras always turned on 24/7 once they are on duty and complaints against police down 88%, confrontations, dramatic confrontations down 60%. you are right, people on their best behavior. >> those numbers are impressive. police less likely to use force by using a camera. stuart: so you are in favor in this instance of cops with cameras. >> yes. stuart: but also the storage. so you like that, in favor of that, how about the militarization of the police, which we talked a lot about, the equipment from the pentagon. >> government always grows and this includes our beloved police force. giving away the surplus equipment, 3700 machine guns

went to local police departments, why do they need that many machine guns? 73 grenade launchers. it is offered, better to have it they say but when you have it, you start acting like soldiers. stuart: when you've got it, you use it. >> to a hammer everything is a nail. it used to be for hostage situation, now it is hundreds per day. stuart: i was listening on satellite radio, and i caught your broadcast about the overuse of s.w.a.t. teams and motorization, that was terrific, you showed the use of s.w.a.t. teams against the lower-level offenders. sometimes this group of credit card thieves might be armed, better off going this way.

getting this from ups, you win a contest, collect your winnings. try that first, but they got the equipment. stuart: the equipment you are using is provocative. >> the one reason ferguson is still tense. stuart: the name of the show is "stossel: the riot police." thank you. the nfl will now charge musicians for performing in the halftime show at the super bowl. i will tell you this, it is worth it? huge exposure. we will ask two up-and-coming performers how much they would pay for that kind of publicity. those two ladies with us after the break.

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stuart: we say it all the time, nfl, the ratings king. now new video network expanding its digital rage. lauren: they could be an a new reason to get apple tv. the nfl's putting almost everything it offers and if all related for free. nfl, wash, i'm not an expert on anything football, but i did a lot of interviewing of the men in the studio and they say this is a big, big deal. stuart: if i have apple tv i can now get everything nfl. >lauren: except for live

streaming games. stuart: that is what i want. if i want something from the nfl, i want the game streamed live, i want it for free. lauren: you can get it for $2. stuart: that is in my financial arrangement. we brought you hav how the nfl s asking performers to pay to play the super bowl halftime show. the member bruno mars? 115 million viewers in the last game and album sales up 160% after the show. is it worth it to pay to get that kind of audience? i say yes, of course it is so why don't we ask these ladies? they are sisters. so, ladies, up in commerce i hear. would you pay? you are recording artist, would

you pay to be given an audience of 115 million people? >> as an up-and-coming artist, sure. but usually they don't use up and coming, they use the top of the top caliber artist. beyoncé, prince, i feel at that top level they should not have to pay be at stuart: come down a notch or two. guarantee an audience at 10 million, would you pay for that? >> me? if it is not the top caliber and brought it down a couple notches, yes, it would be worth it. but the top of the top, it is not worth it. stuart: would you pay to play in the super bowl halftime? >> i don't sing, but in this case where these artists are already making so much money off their record sales and touring, it is hard to be able to measure

how much more ticket sales there are or how much is being sold because of their appearance. there is no way to measure it. i do feel like there should be -- stuart: you don't like this, do you? >> no. stuart: i think you are wrong. >> it is not mutually beneficial. stuart: if you got the opportunity to go in front of 115 million people to perform live in front of them, you're going to get something out of it, shouldn't you pay? >> there are so many sponsors, the commercials that bring in so much money, there is so much money. stuart: why should the nfl exploit its position to make you pay to get in front of that audience? >> they have more viewership coming in to watch the halftime

show because of these artists, not for the artist up-and-coming, they want to have that experience i will not make it to this person's show because it is probably very expensive, so i will tune into the halftime show. stuart: shot that one. what do you have coming up? >> we have an organization that is coming up with a way to move. we always say we are made to move, it is written in our dna be at stuart: what is that? >> sort of a full day of getting to train with some of the top professionals and a voice less lesson. and you have to pay. so you have approved of people paying you, but you don't approve of you paying somebody

else to get in front of a big audience. >> today we are in front of a big audience. and we are here for free because we love what we do. stuart: i think i have been beaten down on both issues. best of luck with the intensive. and when is the date? >> august 30. stuart: okay. don't expect me to be there. can i get in for free? >> we will let you in. stuart: appreciate it. another treatment for all summer's patience injecting people suffering from the condition with the blood of younger people. dr. marc siegel on that next. the dow is up 60. your 16-year-old daughter

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stuart: you know, we really do try to bring you good news when we can. we think we have good news for you now. a proposed treatment for all summer's patience that will be injecting people with the blood of young people. so far it has only been tested on mice. is it promising? >> it is working in mice, but the problem is i don't really think it is going to work in humans, but what is interesting, you had me could get some

donations, sometimes of blood from the producers and camera guys and if we did not have an intravenous device, but what it is getting at is there could be something in blood helping to counteract the formation of the abnormal proteins in the brain that you see with alzheimer's, so something is causing bad proteins to form in the brain. they could be an enzyme that prevents that from occurring if it gets across into the brain. b the theory, but they don't know about that yet, we haven't isolated it yet. maybe study the brain a little bit more and figure out what it is, that is what i wants to see used. we have a scarcity of blood in the united states, i want to know the science behind it.

a something to do it proteins, something in the blood of young people could help you and me. stuart: the two e bola patience or out of the hospital, apparently cured. was that the zmapp drug we talked about? >> we hope so. it is not exactly what we call scientific controlled trial because they could've gotten better better on their own. we don't know if it is the zmapp or just coincidence. we have to study it in more people. it is a very promising treatme treatment. i like it, but i don't think this is proof. i like it so far. i bet the stock will keep going higher. look at the guy, did you see him on tv?

stuart: more "varney" next. i bought a car, over and tells you, and you're like. a good deal or not.

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save time, save money, and never overpay. visit truecar.com stuart: that was just some of what williams had to say about the events unfolding in fergus ferguson. one of our viewers had this to say about david joining uber. it is nothing when you compare it to the fdic lady to the spanish bank. george had this to say about the rise in ferguson. i did not see people interested in justice or piece, i saw agitators. thank you for being with us and thank you for your input to the show be at the here is deirdre bolton.

deirdre: after the alternative investing stories we're following for you. the biggest and best-known investors are connected, vanguard jack vogel and warren buffett of berkshire hathaway. ashley webster will tell you how, what the connection is and what it means for your money. family dollar smaller is better, the "wall street journal" explains why. and a race for american attire, the big reason private equity firms are vying for it. billionaire investor warren buffett said most people would be well served by following the instructions in his will, but his formula 10% of the cash goes to short-term government bonds, 90% pretty big chunk in a very low-cost s&p 500 index fund. suggesting vanguard. ashley webster with